The upstream of rare metals is undergoing structural clearing and increasing concentration. The Rare Metals ETF by Harvest One-Click Allocation to Rare Metals Sector offers investment opportunities in the rare metals sector.

As of 11:07 a.m. in the early trading session on March 31, 2026, the CSI Rare Metals Theme Index was down 2.41%. Among constituent stocks, price movements were mixed. Xibu Materials led the gains, while Sinoway Rare Metals and Minera Resources followed. Yunnan Germanium led the declines, with Chuaneng Power and Tianhua New Energy also falling.

Regarding news: Recently, the lithium-ore supply in Australia has faced a severe stress test. Amid the geopolitical conflict in the Middle East, which has caused a disruption to the diesel supply chain, together with the impact of tropical cyclones, diesel inventories at mining companies across Western Australia are generally left with only around 4 weeks. Meanwhile, because lithium ore accounts for a low share of Australia’s mining output value, it is difficult to obtain fuel priority supply guarantees. If the shortage of fuel persists, Australia’s lithium-ore output—about 30% of global lithium raw-material supply—may see a significant contraction in the near term, and even production stoppages could occur, creating a substantial impact on the global lithium supply chain.

A commentary on Luoyang Mojiang’s annual report by Western Securities states that in 2025, the company’s molybdenum output reached 13.9 thousand tons, with a completion rate of 103%; cobalt output was 117.5 thousand tons, with a completion rate of 107%. The output of all products exceeded the midpoint of their guidance. Its “copper + gold” dual-core strategy is accelerating. The KFM Phase II and TFM Phase III projects in the Democratic Republic of the Congo are advancing, and in combination with the acquisition of Brazilian gold assets, the company is driving the acceleration of the clustering of global rare-metal resources toward leading companies with capabilities for multi-country deployment and integrated operations. The upstream end of rare-metal resources is currently undergoing structural clearing and an increase in concentration.

Data show that as of February 27, 2026, the top ten stocks by weight in the CSI Rare Metals Theme Index are Luoyang Mojiang, Northern Rare Earth, Salt Lake Shares, Huayou Cobalt, Ganfeng Lithium, Xiamen Tungsten, Minera Resources, Sinoway Tungsten Hi-Tech, Tianqi Lithium, and China Rare Earth. The combined share of these top ten by weight is 58.64%.

The rare-metals ETF (Harvest, 562800) tracks the CSI Rare Metals Theme Index and is a convenient tool for allocating to the rare-metals sector.

Off-exchange investors can also watch investment opportunities in the rare-metals sector through the rare-metals ETF index fund connection (014111).